whether it is fox news or murdoch or wherever. that is where he thinks he's a support should go, not for the american people. host: you are a republican? caller: i became a republican at oxford university. having seen what i have seen in the past few months in particular, there is no way that republicans will get my vote in the near future. guest: it sounds like you have some interesting things to say. what you said about the consumer reau consolidang into one place, that is 80% true. it consolidates them into one bureau. there is additnal authority that it will have, and that is to supervise and regulate what are called non-bank financial firms. those are financial firms that do not take deposits. payday lenders, mortgage originators, that kind of thing. the principal was very simple. in the run-up to the fancial crisis we had essentially what became known as the shadow banking industry. this was the mortgage factories that existed outside the deposit banks that turned up some bad mortgages and led to the crisis. what you said is